branchless

134 ms·

1. 1351.▲
   by branchless 12y ago

   Totally agree. We could drive people into the sea whilst shouting "at least you're not in World War II" using this flawed rational.
2. 1352.▲
   by branchless 12y ago

   Yes! Great post. As you note this is good news. If house prices stay at sane levels we will be able to have true wealth creation instead of money printing via housing which leaves the next generation impoverished. We should celebrate a redu
3. 1353.▲
   by branchless 12y ago

   Head of modelling risk for RBS. Maybe some of it was derivatives. Some of it should have been modelling the cost of borrowing money on wholesale markets. The RBS strategy was leverage to the hilt, borrow short, lend long. Lunacy.
4. 1354.▲
   by branchless 12y ago

   95% of quant code is not only fails to achieve low-latency, it's utterly incorrect, unmaintainable and frankly deranged.
5. 1355.▲
   by branchless 12y ago

   Pure math to head of QR risk management over the period when RBS took on insane leverage and relied on wholesale lending markets staying at low rates forever. An assumption that was incorrect and led to RBS being bailed out by UK tax-payers